The fund seeks primarily capital appreciation and secondarily income by investing in companies in the United States.
The investment process relies on fundamental research to identify companies that are estimated to trade below their fair values.
Next, the research team believes companies with below average price/earnings ratios may pay above-average dividends.
Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund has the flexibility to invest up to 25% of its net assets in the securities of foreign companies.